I think about the friends I grew up with—now doctors, lawyers, or presidents of companies. We still hang out and talk. Surrounding yourself with your board of directors and your advocates is a perfect thing to have.
How to Prepare for the Metaverse
Melvin Greer: Entrepreneurship is the foundation of the Greer Institute for Leadership and Innovation nonprofit I run. Developing an entrepreneurial mindset is critical, whether you want to be a musician, a mechanic, or a scientist. Each of these fields revolves around understanding, using, and analyzing data. That's why being able to drive business growth is directly related to understanding how to ingest, analyze, and gain insight from data. Some companies sound like one thing but are, in fact, a very different thing. A company provides personalized attire and clothing for men, women, and children. This company sounds like it's selling you clothes. But the company has very little to do with marketing clothes to you. It's about harnessing the power of the data associated with the algorithm that picks the clothes for you. And that algorithm is monetizing and driving business growth for the company. When we look at companies manufacturing cars, the best cars and trucks, and vehicles in the world, they are being built using data from users to improve their products. So, my advice to entrepreneurs is to harness the power of data, no matter your business.
24
